× Select City

Vancouver has highest percentage of condo ownership in Canada

DH Vancouver Staff Dec 19, 2013 8:24 am

Vancouver leads the country with the highest percentage of condo ownership, according to the Canadian Mortgage and Housing Corporation (CMHC).

The report, released Thursday, found that in 2011, just over one-third (35 per cent) of all owned homes in the city were condos. Second and third on the list were also from B.C. with Abbotsford-Mission at 26 per cent and Victoria at 22 per cent. The national average is 13 per cent.

Vancouver’s condo rental market also leads the country with 26 per cent of all condo apartments used as rental units, followed by Toronto with 23 per cent.

Not surprising, the city also leads in price of apartment rentals. The average two-bedroom unit in Vancouver is $1,261. The same two-bedroom in Toronto was $1,183 with Calgary at $1,150.

The report also listed the average price of condo units (March 2013) throughout Metro Vancouver:

  • Downtown: $708,000
  • Westside: $458,000
  • Richmond: $354,000
  • Coquitlam: $282,000
  • Langley: $201,000


Image: Sergei Bachlakov / Shutterstock

Image: Sergei Bachlakov / Shutterstock

Dh newsletter logo

Get direct access to our top weekly content, contests, and perks.

DH Vancouver Staff
Daily Hive is the evolution of Vancity Buzz, established in Vancouver in 2008. In 2016, the publication rebranded and opened newsrooms in Calgary, Toronto, and Montreal. Send story tips to [email protected]

© 2018 Buzz Connected Media Inc.